UBA, Mikano Motors ease vehicle ownership with auto financing scheme

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has partnered Mikano Motors to motorboat an car financing scheme, themed: ‘Drive Your Dream Today’, specifically designed to easiness the acquisition of caller vehicles by making them much accessible to Nigerians. The flexible Financing solutions Initiative, requires customers to marque an archetypal outgo of conscionable 30 percent portion the Bank finances the remaining 70 percent.

Unveiled astatine the Mikano Motors showroom successful Victoria Island, Lagos, the strategy allows eligible customers to repay the financed magnitude successful instalments implicit a play of 36 months astatine an involvement complaint of 23 percent.

The financing is disposable to a wide scope of customers, including individuals who are not connected a salaried income, providing entrepreneurs, and different eligible Nigerians with a structured pathway to conveyance ownership.

The process begins with a elemental eligibility check. Interested customers tin sojourn their nearest UBA subdivision oregon email consumerlending@ubagroup.com to corroborate their eligibility. Once approved, customers tin proceed to Mikano Motors to get a proforma invoice for their preferred conveyance and proceed with the financing process.

Speaking astatine the launch, UBA’s Group Executive Director, designate, Personal and Business Banking, Chidi Okpala, said the concern refle...